CABA Information Series

IS-2008-130: A Review of Canada's Offset System for Greenhouse Gas Emissions

This paper by Turner Lane Development Corporation describes plans by the Canadian government for encouraging reductions in green house gas emissions. The methodology for quantifying green house gas reductions and assigning a value is described. Until a cap-and-trade system is established in Canada, the government will buy the offset credits earned by companies for reducing green house gas emissions. This will enable Canada to comply with the Kyoto Protocol to reduce emissions between 2008 and 2012 to 1990 levels.